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United StatesDepartment ofAgriculture
ForeignAgriculturalService
Circular SeriesFOP 09- 10September 2010
Cotton:World Markets and Trade
Record Early-Season U.S. Export Sales
As Prices Surge
Early!Season!Commitments
0
1
2
3
4
5
6
7
/06
/07
/08
/09
/10
/1
M
ill
ion
Runnin
!Bales
Prices Almost Double In
Just 18 Months
40
50
60
70
80
90
100
C
en
ts
p
er
P
o
u
n
d
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/0 /0 /0 /09
/1 /1
Monthly!Average!Cotton!Prices
0
10
2030
40
50
60
70
80
90
100
Mar-
08
May-
08
Jul-
08
Sep-
08
Nov-
08
Jan-
09
Mar-
09
May-
09
Jul-
09
Sep-
09
Nov-
09
Jan-
10
Mar-
10
May-
10
Jul-
10
Sep-
10
USc
ents/lbs
A-Index Spot Price
Price
U.S. spot prices continue to rise on strong foreign demand prospects. The A-Index for
2009/10 was not quoted in July due to the lack of availability of old crop cotton. The A-
Index for August averaged 90.35 cents/lbs, the highest since October 1995.
TRADE CHANGES IN 2010/11
Major Exporters:
! United States is raised 500 000 bales to 15 5 million as foreign demand grows
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Major Importers
! China is raised by 250,000 bales to 12.75 million because of reduced productionin 2009/10 and 2010/11.
! Bangladesh is lowered by 100,000 bales due to limitations on available supplies! Brazil is raised 300,000 bales to 900,000 in order to meet increased consumption
and export commitments
! Pakistan is lowered 500,000 bales due to lower consumption..
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Foreign Agricultural Service/USDAOffice of Global Analysis
September 2010
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Foreign Agricultural Service/USDAOffice of Global Analysis
September 2010
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Foreign Agricultural Service/USDAOffice of Global Analysis
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Foreign Agricultural Service/USDAOffice of Global Analysis
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Foreign Agricultural Service/USDAOffice of Global Analysis
September 2010
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Foreign Agricultural Service/USDAOffice of Global Analysis
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Foreign Agricultural Service/USDA